GuocoLand Q4 net profit up 24% at S$183.7m | / Property news / GuocoLand Q4 net profit up 24% at S$183.7m

GuocoLand Q4 net profit up 24% at S$183.7m

GUOCOLAND'S net profit attributable to equity holders rose 24 per cent to S$183.7 million for the fourth quarter ended June 30, up from a restated S$147.5 million in the year-ago period, it announced on Friday.

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This was on the back of an 81 per cent rise in revenue to S$323.5 million from S$178.5 million, which GuocoLand attributed mainly to progressive revenue recognition of residential projects in Singapore and Malaysia.

Earnings per share for the quarter were 16.09 Singapore cents, up from 12.79 cents in the year-ago period.
A first and final dividend of seven Singapore cents was proposed, consistent with the previous two financial years.

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